Ex-99.B13-h2inital
AGREEMENT
Xxxxxxx & Xxxx, Inc., in consideration of the issuance and sale to it by UNITED
HIGH INCOME FUND II, INC. (Fund) of 20,000 shares of the Fund's common stock for
the payment of $100,000, the receipt of which is acknowledged by the Fund,
hereby recognizes that said amount was paid to the Fund in order for the Fund to
comply with Section 14 of the Investment Company Act of 1940, and agrees that it
shall hold said shares for investment and not with a view toward resale or
requesting their redemption.
In the event that all or any part of this investment in Fund shares is redeemed
prior to the full reimbursement by the Fund to Xxxxxxx & Xxxx, Inc. of certain
organization expenses advanced by Xxxxxxx & Xxxx, Inc. to the Fund, the Fund's
obligation to make further reimbursement will cease.
Dated this 8th day of May, 1986.
XXXXXXX & XXXX, INC.
By/s/Xxxxxx X. XxXxxxxxx
Xxxxxx X. XxXxxxxxx
Senior Vice President
Accepted:
UNITED HIGH INCOME FUND II, INC.
By/s/Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx
Vice President
